OIL Posts Record Quarterly Profit as Crude Oil Production Rises
OIL India Limited (OIL) has reported its highest-ever standalone quarterly profit after tax (PAT) of Rs. 2,870 crore in Q1 FY27, marking a sharp 2.5-fold year-on-year increase from Rs. 813 crore in the corresponding quarter last year.
The company's crude oil production rose to 0.950 million tonnes (MMT) in Q1 FY27 from 0.853 MMT a year earlier, as OIL stepped up output from its mature oilfields in its push to strengthen India's energy security.
OIL also achieved its highest-ever daily crude oil production on June 27, 2026, at 10,921 tonnes, equivalent to 84,109 barrels. The company's material subsidiary, Numaligarh Refinery Limited (NRL), delivered a standout performance, with PAT surging 167% year-on-year to Rs. 1,305 crore in Q1 FY27 from Rs. 488 crore in Q1 FY26.